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ValerianK

Time of a big retrace (to the upside)

Long
West Texas Oil (OANDA:WTICOUSD)  
ValerianK Updated   
OANDA:WTICOUSD   West Texas Oil
Trend Analysis Technical Indicators Wave Analysis
8
0
trendanalysis indicator waveanalysis
Oil is ready for a retrace to the upside.

- it comes down to support
- bullish div on the RSI
- break out of a channel

- blue pivot signal on the 3D chart
Comment:
The price is slowly breaking out of its ascending triangle, opening the way to the upside.
Comment:
Oil can reach 100$, slightly above the previous high, before retracing.
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